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How will affect fred age pension entitlement

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Reference no: EM132908824

Problem 1: Fred is an age pensioner. Recently his son needed money and Fred gave him $20,000. How will this affect Fred's age pension entitlement?

A. There will be no impact
B. Fred's age pension entitlement will reduce by $10,000
C. Fred's income and assets for age pension purposes will increase by $10,000
D. Fred's financial assets for age pension purposes will increase by $10,000

Reference no: EM132908824

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